Politics
Paraguay’s ousted president charged over banking scandal
Santiago Pena was impeached over the collapse of Ueno Bank, which left millions unable to access their accounts.
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Topic
Banking
Politics
Banking scandal topples Paraguay leader
Paraguay’s ousted president Santiago Peña has been placed under house arrest after senators unanimously voted to remove him over a banking scandal. The collapse of Ueno Bank left nearly three million customers unable to access their savings. Peña denies any wrongdoing, while his successor, Pedro Alliana, has pledged to compensate those affected.
World
Why is Paraguay facing a banking and political crisis?
Ueno collapse raises questions about state influence and accountability.
Politics
Paraguay's Peña offers resignation amid banking scandal, protests
Paraguayan President Santiago Peña submitted his resignation on Thursday, but Congress put it on hold as impeachment proceedings against him move forward. Peña is facing impeachment over a banking scandal that has affected millions of people and sparked protests, with thousands taking to the streets in recent days.